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Ryanair on course to break-even in FY08/09, but more industry-wide turbulence ahead

25-Sep-2008

Ryanair stated its outlook for the financial year ending 31-Mar-09 remains “largely unchanged”, although it expects to break-even if oil prices average USD100 per barrel this Northern Winter. This represents an improvement from the previously forecast (in Jul-08) of “break-even to minus EUR60 million”, but could be prematurely optimistic, given the big spike in global oil prices in the past week. [1357 words]